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2015-04-04

Food delivery start-up Swiggy raises Rs 12 crore from Accel, SAIF

Currently, Swiggy serves in Koramangala, Indiranagar, HSR and BTM neighbourhoods but will be expanding its presence across Bangalore very soon.

Swiggy, a food ordering and delivery company based out of Bangalore has raised Rs. 12 crore from Accel Partners and SAIF Partners.

“Swiggy was founded based on the idea to get the best restaurants in a neighbourhood delivered.  We have our own fleet of delivery personnel who pick-up orders from restaurants and deliver it to customers. Because of this, we do not have a minimum order policy on any restaurant and accept online payments for all restaurants that we work with. The ownership over the delivery fleet also ensures that reliable and fast deliveries happen as our delivery boy only carries one order at a time, said the food delivery firm.

Currently, Swiggy serves in Koramangala, Indiranagar, HSR and BTM neighbourhoods but will be expanding its presence across Bangalore very soon.

SAIF Partners so far has invested in over 50 companies including companies like Make My Trip, Just Dial, Paytm, book my show, Toppr, firstcry.com, etc. SAIF Partners has backed companies valued at more than $1 Bn.

“Accel Partners, founded in the year 1983 has been committed to helping exceptional entrepreneurs build lasting, category-defining technology companies. Utilizing a focused, "prepared mind" approach to investing, we partner with businesses that show potential for significant long-term success in specific sectors,” said Accel Partners.

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